Term policy compared with group coverage
Employer group coverage is easy to enroll in and often subsidized, which makes it a helpful foundation. The tradeoff is that benefit amounts are usually limited and the plan may not follow you when you change jobs. A personal term policy can fill the gap and give you consistent protection that moves with you.
A term policy lets you choose a coverage amount and a time frame that aligns with real needs such as a mortgage or college savings goals. You can keep the policy when you move or switch careers. We help you compare the combined approach so your household has a durable plan that fits your budget.
How to compare in a simple way
- Benefit amount and portability over time
- Total cost when group and personal coverage are combined
- Conversion and rider options that may add flexibility
Many families keep group coverage for convenience and add a personal term policy for control over benefit size and duration.